The Aesthetic Lasers Market is a rapidly growing industry, driven by the increasing demand for non-invasive cosmetic procedures. These procedures offer patients a quick and safe way to enhance their appearance without the need for surgery. With the advancements in technology, aesthetic lasers have become more versatile and effective, making them a popular choice for both doctors and patients.
The market is characterized by the presence of a large number of players, ranging from small-scale startups to well-established multinational companies. This makes the market highly competitive, but also provides a wide range of options for consumers to choose from. Some of the key players in the market include Cutera, Alma Lasers, Syneron Candela, and Lumenis, among others.
Aesthetic lasers are used for a variety of procedures, including hair removal, skin rejuvenation, tattoo removal, and acne treatment, among others. With the increasing demand for these procedures, the market is expected to grow at a fast pace in the coming years. This is due to the growing awareness of the benefits of aesthetic procedures and the increasing disposable income of consumers.
In conclusion, the Aesthetic Lasers Market is poised for significant growth in the coming years. With the increasing demand for non-invasive cosmetic procedures, the market is expected to attract a large number of players, providing consumers with a wide range of options to choose from.
Global revenue from the aesthetic lasers market was US$ 2.8 Bn in 2021 and the market is predicted to expand rapidly at a value CAGR of 6.4% to reach US$ 5.5 Bn by the end of 2032.
As assessed by Persistence Market Research, aesthetic laser products are expected to account for a market value of US$ 5.5 Bn by the end of 2032. Overall, aesthetic laser sales accounted for approximately 25% revenue share of the global aesthetics market in 2021.
Competitive Landscape
Top producers are developing technologically innovative products to enhance their product ranges globally. Major industry contenders in the aesthetic lasers market space are engaged in consolidation strategies, including mergers and acquisitions.
For instance:
- Cynosure, Inc., in June 2020, launched the Elite iQ(TM) aesthetic workstation for laser hair removal and skin revitalization in the United States, Europe, and Australia.
- Quantel Medical by Lumibird, in June 2020, completed the acquisition of Ellex, including the company’s laser and ultrasound technology solutions.
- Candela Medical, in March 2019, unveiled a new corporate identity by the unification of the Syneron and Candela brands at the 2019 American Academy of Dermatology (AAD) Annual Meeting.